Iran Demands $4 Bln From Russia Over Canceled Missile Deal

[Zebra]

MOSCOW, July 5 (RIA Novosti)

Iran's Defense Ministry and The Aerospace Industries Organization have launched a $4 bln law suit against Russia's state arms corporation Rosoboronexport in an international court in Geneva over a deal to buy missiles suspended by Russia, Rosoboronexport said in its annual report.

"The case was started on April 13, 2011. The subject of the case is "Possible damages of $3,985,159,773.32 to fulfil obligations for delivery of special property," the report says in reference to ongoing legal cases.

The case has not yet been heard, the report says.

In June 2010, the UN Security Council passed a resolution imposing sanctions on Iran, including suspension of arms deliveries. Russia responded by saying it would cancel a contract to deliver S-300 missiles to Iran, and subsequently returned a $166.8 million deposit.

Iran has previously applied to the International Court of Justice to try to force Russia to fulfil the terms of a 2007 contract to deliver S-300 air defense missile systems or pay compensation.

Iran Demands $4 Bln From Russia Over Canceled Missile Deal | World | RIA Novosti

 

[thakur_ritesh]

And Iran thinks they will get compensated?

Why do I sense this will be used to leverage a deal with Russia at a crucial moment by the west when in need. If anything, Iran is playing into the west's hands. Too clever by half? Na, not even that, much worse!

 

[Armand2REP]

Russia returned the money and no damages were caused. They don't even have grounds to bring it in front of a court.